Masco Corp. reported fourth-quarter earnings of $165 million, or 80 cents per share, which adjusted to 82 cents per share, surpassing Wall Street expectations of 78 cents per share. The company’s revenue for the quarter was $1.79 billion, falling short of analysts’ estimates of $1.83 billion. For the full year, Masco posted a profit of $810 million, or $3.86 per share, on revenue of $7.56 billion, and projects full-year earnings for the upcoming period to be between $4.10 and $4.30 per share.
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Masco: Q4 Earnings Snapshot
Masco Corp. reported fourth-quarter earnings of $165 million, or 80 cents per share, which adjusted to 82 cents per share, surpassing Wall Street expectations of 78 cents per share. The company’s revenue for the quarter was $1.79 billion, falling short of analysts’ estimates of $1.83 billion. For the full year, Masco posted a profit of $810 million, or $3.86 per share, on revenue of $7.56 billion, and projects full-year earnings for the upcoming period to be between $4.10 and $4.30 per share.